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Seminar: Estimating Labor Force Joiners and Leavers Using A Heterogeneity Augmented Two-Tier Stochastic Frontier

Date 3rd April 2017 @ 4:30 pm - 5:30 pm

Dr. Tirthatanmoy Das will be presenting a seminar (through Skype) on 3rd April 2017 at 4.30 P.M. at SEANZA Conference Hall.

Abstract: We derive a non-standard unit root serial correlation formulation for intertemporal adjustments in the labor force participation rate. This leads to a tractable three-error component model, which in contrast to other models embeds heterogeneity into the error structure. Unlike in the typical iid three-error component two-tier stochastic frontier model, our equation’s error components are independent but not identically distributed. This leads to a complex nonlinear likelihood function requiring identification through a two-step estimation procedure, which we estimate using Current Population Survey (CPS) data. By transforming the basic equation linking labor force participation to the working age population, this paper devises a new method which can be used to identify labor market joiners and leavers. The method’s advantage is its parsimonious data requirements, especially alleviating the need for survey based longitudinal data.

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3rd April 2017
4:30 pm - 5:30 pm


IGIDR, Seanza Conference Hall
Mumbai, Maharashtra India
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